Gold Rally Chased By Money Managers
(Kitco News) – Large speculators sharply hiked their bullish positioning in gold futures for the fourth-straight reporting week, according to data compiled by the Commodity Futures Trading Commission.
Read moreFour Rate Cuts By End Of Year? Markets Getting Ahead Of Themselves – BlackRock
(Kitco News) – Despite bond yields being at multi-year lows, the Fed is expected to continue cutting rates, further bringing down the U.S. 10-year yield, said Joyce Choi, director of fixed income strategy at BlackRock
Read moreCommerzbank: Surging ETF Gold Holdings Help Boost Gold Price
(Kitco News) – Exchange-traded-fund investors are moving back into gold, with Friday’s inflow the largest in close to three years, reports Commerzbank. “Gold is currently being bought by both ETF investors and speculative financial investors,” the bank said.
Gold Prices Solidly Up. The Worm Has Turned
(Kitco News) – Gold prices are posting good gains and are near last week’s six-year high of $1,415.40 in August futures.
Bitcoin Daily Chart Alert – Prices At 15-Mo. High; “The Trend Is Your Friend” – Jun. 24
(Kitco News) – Bitcoin-U.S. dollar prices have seen solid gains over the weekend and on Monday and have hit a 15-month high. Bulls have the solid overall near-term technical advantage to suggest still more upside price action in the near term.
Read moreGold Will Have More Buyers At $1,400 Than At $1,300 — Scotiabank
(Kitco News) – Gold’s most recent move to $1,400 an ounce could attract more buyers than the metal’s previous key $1,300 level, Scotiabank said in the latest update.
Read moreRussia Bought Another 200K Ounces Of Gold Right Before The Rally
(Kitco News) – Russia continues to add gold to its reserves, buying another 200,000 ounces or 6 tonnes of gold in May, according to the country’s central bank.
Gold Is Gaining Mainstream Acceptance, Says State Street
(Kitco News) – Gold Is Gaining Mainstream Acceptance, Says State Street
Read moreDon’t Ask Me Why I’m Happy
(Kitco News) – That was the magic number that allowed gold to break through and touch $1,400 for the first time since September 2013.
Read moreYou Can’t Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
(Kitco News) – Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six years.
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